Pressmeddelanden

ÅAC rights issue oversubscribed

ÅAC Microtec AB's (publ) ("ÅAC" or "the Company") rights issue with preferential rights for the shareholders ("the Rights Issue") has been completed. The interest was high, and the total subscription amounted to 139 percent. Consequently, ÅAC will receive proceeds of SEK 82.5 million before issue costs.

The subscription period for the Rights Issue ended on June 3, 2019, and the summary shows that 25,682,168 shares, corresponding to 93.43 percent, were subscribed for by subscription rights. In addition, the Company received application forms regarding interest in subscription of an additional 12,534,775 shares without subscription rights, corresponding to 45.60 percent. The rights issue is oversubscribed and ÅAC will receive SEK 82.5 million before issue costs. No underwriting agreements will be utilized. Notification of allotment of shares subscribed for without exercising subscription rights will shortly be sent to those who have been allocated shares through a contract note. Nominee registered shareholders receive notification of allocation in accordance with the respective nominee's procedures. Allocation of shares subscribed for without the exercise of subscription rights has been carried out in accordance with the principles set out in the prospectus that was published on 17 May 2019.

"We are very pleased with the great interest in investing in ÅAC and would like to thank the trust from existing shareholders and also welcome new shareholders. The year has started at high pace and proceeds from the rights issue will further accelerate ÅAC's ability and capacity to take a leading position in the emerging New Space market", says Mats Thideman, CFO at ÅAC.

Share capital and number of shares
After the Rights Issue is registered with The Swedish Companies Registration Office the Company's share capital will increase SEK 1 099 517,24 to SEK 3 848 310,40. The number of shares will increase 27 487 931 shares to 96 207 760 shares.

Trade in BTA
Trading in paid subscribed shares (BTA) will take place on Nasdaq First North Premier until the week after the Rights Issue has been registered with the Swedish Companies Registration Office. Registration of the Rights Issue is expected to take place during week 25, 2019.

Advisors
Erik Penser Bank AB is the financial advisor and Setterwalls Advokatbyrå AB is the legal advisor to ÅAC in connection with the Rights Issue.

FOR MORE INFORMATION:
Please visit: www.aacmicrotec.com and www.clyde.space or contact:
CFO Mats Thideman, investor@aacmicrotec.com 
Chairman of the Board Rolf Hallencreutz, investor@aacmicrotec.com 

The information in this press release is such that ÅAC Microtec AB (publ) is obliged to publish in accordance with EU Regulation No. 596/2014 on Market Abuse (MAR). The information was submitted for publication through the agency of above contact persons for publication on 10 June 2019 at 13:15 CEST.

ABOUT ÅAC MICROTEC AB
ÅAC Microtec, and its subsidiary Clyde Space, offer a full turnkey mission service from design to on-orbit operations including reliable platforms in the range of 1 to 50 Kg; customizable to suit our customers' requirements. Their end-to-end service package enables our customers to reach their mission goals with a single, trusted point of contact. In addition, they supply a full range of subsystems for cube satellites and small satellites. The company has offices in Sweden, the UK and USA.

Certified Adviser
ÅAC's share is admitted to trading on Nasdaq First North Premier. The company's Certified Adviser is G&W Fondkommission, e-mail ca@gwkapital.se, telephone 08-503 000 50.

2019-06-10
Regulatorisk

ÅAC Microtec AB ÅAC Microtec AB:s (publ) ("ÅAC" eller "Bolaget") nyemission med företrädesrätt för aktieägarna ("Företrädesemissionen") har avslutats. Intresset var stort och sammanlagt tecknades Företrädesemissionen till 139 procent. Bolaget tillförs därmed 82,5 MSEK före emissionskostnader.

2019-06-10
Regulatory

ÅAC Microtec AB's (publ) ("ÅAC" or "the Company") rights issue with preferential rights for the shareholders ("the Rights Issue") has been completed. The interest was high, and the total subscription amounted to 139 percent. Consequently, ÅAC will receive proceeds of SEK 82.5 million before issue costs.

2019-06-03
Regulatorisk

ÅAC Microtec har utsett MID Co Ltd som ny distributör på den sydkoreanska marknaden. MID Co. Ltd bildades 2018 av ett sydkoreanskt team som har lång erfarenhet inom rymdindustrin. Distributionsavtalet omfattar alla AAC Clyde Space produkter och syftar till att tillgodose behoven av delsystem och plattformar till den växande sydkoreanska kubsatellit- och småsatellitmarknaden.

2019-06-03
Regulatory

ÅAC Microtec has appointed MID Co. Ltd as their new distributor in the South Korean Market. MID Co. Ltd was formed in 2018 by a South Korean team that has a long experience of operating in the Space Industry. The distribution agreement covers all products across the group and aims to address the needs of the South Korean market which is a growing market for CubeSat and SmallSat platforms and sub-systems.

2019-05-31
Regulatorisk

ÅAC Microtec ABs dotterbolag, Clyde Space, har levererat sin första 6U kubsatellit, NSLSat-1, för uppskjutning. Denna banbrytande kommunikationssatellit är en del av "space-as-a-service"-kontraktet med NSLComm där AAC Clyde Space designar, tillverkar, skjuter upp och driftar satelliten för NSLComms vägnar. Syftet med missionen är att revolutionera kommunikationsnätverket i rymden med ett innovativt, högpresterande, utfällningsbart antenn- och reflektorsystem. Satelliten är avsedd att vara den första i en framtida konstellation av cirka 80 satelliter.

2019-05-31
Regulatory

ÅAC Microtec AB's subsidiary, Clyde Space, has delivered its first 6U CubeSat, NSLSat-1, to the launch provider. This groundbreaking communications satellite is part of a space-as-a-service contract under which AAC Clyde Space designs, manufactures, launches, and operates the satellite on behalf of NSLComm. The mission is set to revolutionize the space communications network with the introduction of an innovative, high-performance, deployable antenna & sub-reflector system. The satellite is intended to be the first in a future constellation of about 80 satellites.

2019-05-23
Regulatorisk

ÅAC Mictrotec medverkar i den första skotsk-irländska förbindelsen i rymden genom att Clyde Space, Skottlands största rymdbolag och dotterbolag till ÅAC Microtec AB, ingår avtal med University College Dublin. Avtalet, som har ett mindre värde, innebär att Clyde Space tillhandahåller delsystemen till plattformen för Irlands första satellit, EIRSAT-1, som är en 2Us kubsatellit. EIRSAT-1 är ett samarbetsprojekt som utvecklats av studenter och anställda på universitetet och kommer att innehålla ny irländsk teknik. EIRSAT-1 är planerad att skjutas upp 2020.

2019-05-23
Regulatory

We are delighted to announce the first Celtic connection in space as Clyde Space, Scotland's largest space company and subsidiary of ÅAC Microtec AB, signs a contract with University College Dublin (UCD).  The contract is of minor value but will see Clyde Space supply CubeSat platform equipment for Ireland's first satellite, EIRSAT-1, which is a 2U CubeSat. EIRSAT-1 is a collaborative project developed by students and staff of UCD and will incorporate novel Irish technology. EIRSAT-1 is planned to launch in 2020.

2019-05-17
Regulatorisk

Det prospekt som ÅAC Microtec AB (publ) ("ÅAC" eller "Bolaget") har upprättat med anledning av den förestående nyemissionen av aktier med företrädesrätt för ÅAC:s aktieägare om cirka 82,5 MSEK ("Företrädesemissionen") har idag godkänts och registrerats av Finansinspektionen. Med anledning av Företrädesemissionen bjuder ÅAC in till investerarträffar torsdagen den 23 maj och tisdagen den 28 maj 2019.

2019-05-17
Regulatory

The prospectus that ÅAC Microtec AB (publ) ("ÅAC" or "the Company") has prepared in connection with the new share issue of approximately SEK 82.5 million with preferential rights for ÅAC's shareholders (the "Rights Issue") has today been approved and registered by the Swedish Financial Supervisory Authority ("Finansinspektionen"). On account of the Rights Issue, ÅAC invites to investor meetings on Thursday, May 23, and Tuesday, May 28, 2019.

2019-05-16
Regulatorisk

ÅAC Microtec AB har valts att leverera ombordteknik som möjliggör multipla nyttolaster på mikrosatelliter utvecklade av amerikanska Loft Orbital Solutions Inc. Ordern som har ett värde om ca 4,7 MSEK (490 kUSD), planeras att levereras under andra halvåret 2019.

2019-05-16
Regulatory

ÅAC Microtec AB has been selected to supply electronics for an onboard technology to enable Payload Rideshares on micro satellites developed by Loft Orbital Solutions Inc. The order with a value of approx. 4.7 MSEK (490 kUSD) is planned to be delivered in the second half of 2019.

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